The Globe and Mail reports in its Thursday, Sept. 25, edition that analysts at National Bank Financial believe the macroeconomic environment supports precious metal prices due to ongoing political uncertainty, declining real rates, persistent inflation and central banks continuing to be net purchasers. The Globe's David Leeder writes that the National Bank analysts continue to rate Endeavour Mining "outperform." The analysts gave their share target a $13 boost to $70. Analysts on average target the shares at $56.94. On Wednesday the bank reaffirmed its bullish outlook for prices in the months ahead. National Bank analyst Mohamed Sidibe says in a note: "Following a challenging 2024 at the corporate governance level and at the operating levels, Endeavour Mining is now back to delivering on the operational front and generating impressive FCF over the last three quarters benefiting from the current elevated gold prices thanks to its attractive overall low cost profile. This is a company that has met or exceeded its annual production guidance in 11 out of the last 12 year." The Globe reported on June 25 that equity analysts at National Bank Financial continued to rate Endeavour "outperform." It was then worth $42.40.
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